79327115 2024-05-01 2025-04-30 2 79327115 2024-05-01 2025-04-30 3 79327115 2024-05-01 2025-04-30 79327115 2024-05-01 2025-04-30 1 79327115 2024-05-01 2025-04-30 2 79327115 2023-05-01 2024-04-30 79327115 2025-04-30 79327115 2024-04-30 79327115 2024-05-01 d:ContributedCapitalMember 79327115 2023-05-01 d:ContributedCapitalMember 79327115 2025-04-30 d:ContributedCapitalMember 79327115 2024-04-30 d:ContributedCapitalMember 79327115 2024-05-01 d:RetainedEarningsMember 79327115 2023-05-01 d:RetainedEarningsMember 79327115 2024-05-01 2025-04-30 d:RetainedEarningsMember 79327115 2023-05-01 2024-04-30 d:RetainedEarningsMember 79327115 2025-04-30 d:RetainedEarningsMember 79327115 2024-04-30 d:RetainedEarningsMember 79327115 2024-05-01 d:ProposedDividendRecognisedInEquityMember 79327115 2023-05-01 d:ProposedDividendRecognisedInEquityMember 79327115 2024-05-01 2025-04-30 d:ProposedDividendRecognisedInEquityMember 79327115 2023-05-01 2024-04-30 d:ProposedDividendRecognisedInEquityMember 79327115 2025-04-30 d:ProposedDividendRecognisedInEquityMember 79327115 2024-04-30 d:ProposedDividendRecognisedInEquityMember 79327115 2024-05-01 2025-04-30 1 79327115 2024-05-01 2025-04-30 1 79327115 2024-05-01 2025-04-30 2 79327115 2024-05-01 2025-04-30 3 iso4217:DKK xbrli:pure Årsrapport 34209936 Grant Thornton, Godkendt Revisionspartnerselskab Lautrupsgade, 11 2100, København Ø 2023-05-01 2024-04-30 2024-05-01 2025-04-30 79327115 LENZE A/S Roskildevej 22 2620 Albertslund 1985-09-17 SEB Bank Bernstoffsgade 50 1577 København V Accura Advokatpartnerselskab Alexandriagade 8 2150 Nordhavn Grant Thornton, Godkendt Revisionspartnerselskab Grant Thornton, Godkendt Revisionspartnerselskab 34209936 34209936 Sebastian With Raunstrup Simon Mørner Nielsen statsautoriseret revisor statsautoriseret revisor mne36191 mne46622 Lautrupsgade Lautrupsgade 11 11 2100 2100 København Ø København Ø Danmark Danmark +45 33 110 220 +45 33 110 220 info@dk.gt.com info@dk.gt.com 2025-09-19 Jens Delliehausen Regnskabsklasse B Revisionspåtegning Ja CaseWare fra Revisorgruppen Danmark kapitalejeren København 2025-09-19 Albertslund 2025-09-19 Grundlag for konklusion Konklusion 11821032 13318161 10633739 9132810 0 378935 1187293 3806416 155614 280668 100276 -18347 1242631 4105431 297344 902305 945287 3203126 940000 10000000 5287 -6796874 245318 245318 245318 245318 245318 245318 0 3346 0 3346 13550522 13413603 10140 13520 84436 0 13645098 13427123 7309280 16924731 20954378 30355200 21199696 30600518 0 1000000 1000000 14880937 14875650 940000 10000000 16820937 25875650 313391 514857 313391 514857 0 581798 0 548114 0 1129912 183913 132473 1492537 73978 293964 1093522 2094954 1780126 4065368 3080099 4065368 4210011 21199696 30600518 9726325 8236869 805273 834641 102141 61300 10633739 9132810 13 11 1000000 1000000 1000000 1000000 14875650 21672524 5287 -6796874 14880937 14875650 10000000 16910000 10000000 6910000 940000 0 940000 10000000 Today, the Board of Directors and the Managing Director have approved the annual report of LENZE A/S for the financial year 1 May 2024 - 30 April 2025. The annual report has been prepared in accordance with the Danish Financial Statements Act. We consider the chosen accounting policy to be appropriate, and in our opinion, the financial statements give a true and fair view of the financial position of the Company at 30 April 2025 and of the results of the Company's operations for the financial year 1 May 2024 – 30 April 2025. Further, in our opinion, the Management's review gives a true and fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the Annual General Meeting. Jens Delliehausen Dr. Marc Wucherer Bruno Krauss Oliver Hansper We have audited the financial statements of LENZE A/S for the financial year 1 May 2024 - 30 April 2025, which comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes, for the Company. The financial statements are prepared under the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the financial position of the Company at 30 April 2025, and of the results of the Company's operations for the financial year 1 May 2024 - 30 April 2025 in accordance with the Danish Financial Statements Act. Basis for OpinionWe conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Den­mark. Our responsibilities under those standards and requirements are further described in the “Auditor’s Responsibilities for the Audit of the Financial Statements” section of our report. We are independent of the Company in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Den­mark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, Management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Den­mark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Den­mark, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management. Conclude on the appropriateness of Management’s use of the going concern basis of accounting in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern. Evaluate the overall presentation, structure and contents of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Statement on Management’s ReviewManagement is responsible for Management’s Review. Our opinion on the financial statements does not cover Management’s Review, and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read Management’s Review and, in doing so, consider whether Management’s Review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether Management’s Review provides the information required under the Danish Financial Statements Act. Based on the work we have performed, we conclude that Management’s Review is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statement Act. We did not identify any material misstatement of Management’s Review. Description of key activities of the companyLenze A/S is a wholly owned subsidiary of Lenze SE located in Aerzen, Germany. Lenze sells complete automation solutions from controllers with cloud solutions to mechatronics solutions incl. frequency inverters. gears and gear motors, primarily within the automation- and machine building industry.  Significant changes in the company's activities and financial mattersThere have been no significant changes in activities and financial matters. Development in activities and financial and economic positionThe gross profit for the year totals DKK 11.821thousand against DKK 13.318 thousand last year. Income or loss from ordinary activities after tax totals DKK 945 thousand against DKK 3.203 thousand last year. Management considers the net profit or loss for the year satisfactory. Events occurring after the end of the financial yearNo events have occurred after the end of the financial year of material importance for the Company's financial position. The annual report for LENZE A/S has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class B enterprises. Furthermore, the company has decided to comply with certain rules applying to reporting class C enterprises. The accounting policies are unchanged from last year, and the annual report is presented in DKK. Foreign currency translationTransactions in foreign currency are translated by using the exchange rate prevailing at the date of the transaction. Differences in the rate of exchange arising between the rate at the date of transaction and the rate at the date of payment are recognised in the profit and loss account as an item under net financials. If currency positions are considered to hedge future cash flows, the value adjustments are recognised directly in equity in a fair value reserve. Receivables, payables, and other foreign currency monetary items are translated using the closing rate. The difference between the closing rate and the rate at the time of the occurrence or initial recognition in the latest financial statements of the receivable or payable is recognised in the income statement under financial income and expenses. Gross profitGross profit comprises the revenue, cost of sales, other operating income, and external costs. Revenue is recognised in the income statement if delivery and passing of risk to the buyer have taken place before the end of the year and if the income can be determined reliably and inflow is anticipated. Revenue is measured at the fair value of the consideration promised exclusive of VAT and taxes and less any discounts relating directly to sales. Cost of sales comprises costs concerning purchase of raw materials and consumables less discounts and changes in inventories. Other external expenses comprise expenses incurred for sales, advertising, administration, premises, loss on receivables, and operational leasing costs. Staff costsStaff costs include salaries and wages, including holiday allowances, pensions, and other social security costs, etc., for staff members. Other operating expensesOther operating expenses comprise items of secondary nature as regards the principal activities of the enterprise, including losses on the disposal of tangible assets. Financial income and expensesFinancial income and expenses are recognised in the income statement with the amounts concerning the financial year. Financial income and expenses comprise interest income and expenses, financial expenses from financial leasing, realised and unrealised capital gains and losses relating to securities, debt and transactions in foreign currency, amortisation of financial assets and liabilities as well as surcharges and reimbursements under the advance tax scheme, etc. Tax on net profit or loss for the yearTax for the year comprises the current income tax for the year and changes in deferred tax and is recognised in the income statement with the share attributable to the net profit or loss for the year and directly in equity with the share attributable to entries directly in equity.  DepositsDeposits are measured at amortised cost and represent lease deposits, etc. InventoriesInventories are measured at cost on the basis of weighted measured average prices. In cases when the net realisable value is lower than the cost, the latter is written down for impairment to this lower value. Costs of goods for resale, raw materials, and consumables comprise acquisition costs plus delivery costs. The net realisable value for inventories is recognised as the estimated selling price less costs of completion and selling costs. The net realisable value is determined with due consideration of negotiability, obsolescence, and the development of expected market prices. ReceivablesReceivables are measured at amortised cost, which usually corresponds to nominal value. In order to meet expected losses, impairment takes place at the net realisable value. Cash and cash equivalentsCash and cash equivalents comprise cash at bank. Equity DividendDividend expected to be distributed for the year is recognised as a separate item under equity. Income tax and deferred taxCurrent tax liabilities and current tax receivable are recognised in the statement of financial position as calculated tax on the taxable income for the year, adjusted for tax of previous years' taxable income and for tax paid on account. Deferred tax is measured on the basis of temporary differences in assets and liabilities with a focus on the statement of financial position. Deferred tax is measured at net realisable value. Deferred tax is measured based on the tax rules and tax rates applying under the legislation prevailing in the respective countries on the reporting date when the deferred tax is expected to be released as current tax. Changes in deferred tax due to changed tax rates are recognised in the income statement, except for items included directly in the equity. Deferred tax assets, including the tax value of tax losses allowed for carryforward, are recognised at the value at which they are expected to be realisable, either by settlement against tax of future earnings or by set-off in deferred tax liabilities within the same legal tax unit. Any deferred net tax assets are measured at net realisable value. ProvisionsProvisions comprise expected costs of warranty commitments. Provisions are recognised when the company has a legal or actual commitment resulting from a previously occurred event and when it is probable that the settlement of the liability will result in consumption of the financial resources of the company. Provisions are measured at net realisable value. Guarantee liabilities comprise liabilities for repairs within the guarantee period of 1-5 years. Provisions for warranty commitments are measured on basis of the obtained experience with guarantee work. Provisions with an expected due date later than 1 year from the reporting date are discounted at a rate reflecting risk and maturity of the liability. Liabilities other than provisionsOther liabilities concerning payables to suppliers, group enterprises, and other payables are measured at amortised cost which usually corresponds to the nominal value. 2.ContingenciesContingent liabilitiesLease liabilities:The company has entered into 3 operational leases with an average annual lease payment of tDKK 216. The leases have 5-41 months to maturity and total outstanding lease payments total tDKK 642. The company entered into leasing contracts with a total liablity of tDKK 603 The leasing contracts notice periods is 6 months from 31 December 2025. 3.Related partiesConsolidated financial statementsThe company is included in the consolidated financial statements of Lenze SE. The consolidated financial statement of Lenze SE may be obtained at Hans-Lenze-Strasse 1, DE-31855 Aerzen, Germany.